Giants Discussing Extension With Pence; No Talks Yet With Lincecum

The Giants are in discussions with outfielder Hunter Pence regarding a contract extension, reports Henry Schulman of the San Francisco Chronicle. This indicates that the team has real intentions of inking the Beverly Hills Sports Council client before he hits free agency, says Schulman, though he adds (via Twitter) that talks have been "minimal" to date. Meanwhile, the club has yet to begin talks with fellow free agent-to-be and BHSC client Tim Lincecum, Andrew Baggarly of CSNBayArea.com reports.

Both Pence and Lincecum were mentioned as trade deadline targets, though the team apparently decided it would be better served by making qualifying offers to the pair of pending free agents. (This year, the qualifying offer is expected to clock in at around $14MM.) At the time, ESPN's Jayson Stark also reported that the Giants were telling other teams that they intended to extend Pence.

Pence figures to earn a raise, over multiple years, on the $13.8MM he received this year, his final season of arbitration eligibility. In a market that features few high-end power bats, the 30-year-old's career .475 slugging percentage and six-year streak of twenty-plus long balls figures to play up. The durable, righty-swinging Pence has a .289/.340/.477 line in 624 plate appearances in 2013, and has also contributed a career-best 21 steals. As Schulman notes, Pence has said he does not intend to give the Giants a hometown discount, though he has expressed interest in sticking around. Of course, San Francisco can exercise additional leverage before the qualifying offer deadline by threatening to make Pence a QO, which would attach draft-pick compensation and lower his market value.

Unlike the short-time Giant Pence, Lincecum has long been a fixture at AT&T Park. Also unlike Pence, Lincecum told Baggarly that his agent recently told him there was nothing new to report on the contract front. The twice former Cy Young winner has been better than he was in 2012, but has yet to restore his former glory (or fastball velocity). If you believe in xFIP, though, things may look different, as Lincecum's 3.53 mark is substantially better than his 4.40 ERA over his 178 innings to date in 2013. He currently ranks sixth among baseball's top 34 free agent starters, per MLBTR's Tim Dierkes.